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Money Managing Tips for International Students. Office of Central Financial Aid. Money Savings Tips for International Students. Agenda Budget Banking Specific Ways to Save Other Ideas “Live like a __________ now, you’ll live like a student after you graduate.”. Budget / Spending Plan.

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Money Managing Tips for International Students

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Money managing tips for international students

Money Managing Tips for International Students

Office of Central Financial Aid

Money savings tips for international students

Money Savings Tips for International Students

  • Agenda

    • Budget

    • Banking

    • Specific Ways to Save

    • Other Ideas

  • “Live like a __________ now, you’ll live like a student after you graduate.”

Budget spending plan

Budget / Spending Plan

  • Get one and stick to it!


  • Use cash instead of debit card, less likely to spend.

  • Try keeping a spending journal for one month.

  • Envelope System

    • Put monthly amount in an envelope – when gone – no more – or move between envelopes.



  • If you’re here for a few years, utility companies offer payment plans that level off payments to same each month

  • Two $3.50 Starbucks Coffees = $364 a year

  • Useful Websites:

  • Banking


    • Make sure you find a student-friendly bank

      • No fees, no minimum balances, free checking

    • ATM Fees – avoid them!

    • High-interest Online Savings Accounts (ING and others offer

    Credit cards

    Credit Cards

    • Use only if necessary

    • Always pay off – avoid extra interest payments

    • Regent does not take Visa for online payments

    • Look for special cards for students or ones that give benefits you want (frequent flyer miles, cash back, etc.) – careful of hidden fees

    Identity theft

    Identity Theft

    • Safeguard your Social Security Number, birthday, name

    • Many banks offer debit/credit cards with your photo on it



    Ways to save

    Ways to Save



    • Always happening

    • Right after a holiday is a good way to save on seasonal items

    • Certain holidays/seasons have traditional sales

      • January = White Goods (towels, linens)

      • Memorial Day = Guitar Center for musical instruments (VaBeach Blvd)

    • Sunday Newspaper has inserts

    • Grocery Stores – look at front of store for a flyer (Wednesday newspaper has a food section)

    • Register online and you can receive grocery stores weekly fliers

    • Drug Stores – look at front of store for a flyer

    Thrift stores

    Thrift Stores

    • Items are used

    • Also known as:

      • Second-Hand Store, Charity Shop, etc.

    • Perfect for:

      • Baby Clothes

      • Used Furniture

      • Lightly used clothes

      • Other Household Goods

    Thrift stores1

    Thrift Stores

    • Local stores:

      • CHKD Thrift Store (Corner of Centerville/Kempsville)

      • Virginia Beach Blvd near corner of Newtown Road

        • Salvation Army

        • D.A.V.

        • Goodwill

      • CHKD Thrift Store on Indian River (near the corner of Indian River and Military Hwy.)

      • Union Mission Thrift Store at 4016 Indian River Rd.  (go west on Indian River)

    Food coupons

    Food Coupons

    • Easy way to save money

    • Many stores offer double/triple coupons

      • Coupon for 50 cents = $1.00

      • Harris Teeter, Kroger, etc.

    • Often only on higher priced name brand products, compare price with generic, read the fine print

    • Store Cards; offer special discounts to those who have a card (go by names like MVP Card, Super Saver Card, etc.)

    Generic brands

    Generic Brands

    • Most major groceries offer a generic alternative to most food products

    • Each store has different “house” brand name

      • Wal-mart = Equate (toiletries, GW for food)

      • Harris Teeter Brand

    • Medicines, Prescription Drugs

    Store end caps

    Store End Caps

    • Location where stores put:

      • Liquidation items

      • Sale items

      • Slightly damaged goods

    Garage yard sales

    Garage / Yard Sales

    • Very popular on weekends

    • People moving, cleaning out their homes, etc.

    • Newspaper lists location in classified section

    • Don’t be afraid to negotiate





    • Ride Sharing Community

    • Earn Rewards from Local/National Companies

      • Gift Cards

      • Retail Discounts

      • Tickets

    • Earn points for trips

    • Must sign up using your Regent e-mail account




    Online shopping

    Online Shopping



    • Shipping Costs!

    • Make sure you can’t get it cheaper by going to the store.



    • Free online classified ads


    • Anything and everything

    • There is a list for almost every major city in the world

    Other coupons

    Other Coupons

    • Weekly flyers in the mail for goods and services from local companies

    • Entertainment Book

      • $20 – all sorts of specials, discounts

      • Restaurants, events, culture, sports, etc.

    Student discounts

    Student Discounts

    • Movies, Theme Parks, software, computers

    • Regent Bookstore offers discounted movie tickets

    • Travel

    • Some retail stores: J. Crew, Apple

    • Regent Human Resources Office has a list of possible discounts:

      Might change – best to check first. Some are only for staff – but some are also for students

    Local events

    Local Events

    • Lots of free events in the area; summer festivals, concerts, etc.


    • YMCA offers financial assistance, will need to provide proof of income (or lack thereof)

    • Matinee Movies (early in the day)

    • Museums offer student discounts, Chrysler Art Museum free on Wednesdays

    Dining out

    Dining Out

    • Buy one, get one free coupons found in weekly mailings, online

    • Skip the soda – water.

    • Tipping:15-20% off the pre-tax amount

      • Not included in check unless with a large group

    • Learn to cook: spending $20/week dining out is over $1,000 a year

    Other ideas

    Other Ideas?

    • Anything you do to save money?

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